ADVENZYMES: Catching the Wave of OpportunityADVENZYMES (Advanced Enzyme Tech Ltd.)
Key Levels:
Demand Zone: ₹333.85 - ₹384.90
Stop Loss: Below ₹333.85 (on daily closing basis)
Target Zone: ₹523 - ₹543 (Golden Retracement Zone of the correction swing)
Structure & Trend:
The stock is currently in an ABC correction wave with Wave C extended.
A strong demand zone is visible near ₹333.85 - ₹384.90.
Buyers are likely to step in at this zone, creating a potential reversal opportunity.
Trade Plan:
Entry: Around ₹366 - ₹385 within the demand zone.
Targets:
First target: ₹450 (midway to retracement)
Final target: ₹523 - ₹543
Stop Loss: ₹333.85 on a daily close basis.
Note: Sellers might use the ₹523-₹543 zone for profit booking.
General Guidelines:
Risk Management: Adhere to strict stop losses as per the plan.
Confirmation: Look for price action signals (bullish candles, volume spikes) near entry zones.
Patience: Allow the trades to develop towards targets gradually.
Educational Purpose only
